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The close price relationship between silver and gold is nothing new. The silver/gold ratio dates back to 3000 BC when the first Egyptian pharaoh Menes declared that tow and one-half parts silver equal one-part gold. Silver and gold began trading on the futures exchange in the 1970s. Until recently, the range in the ratio was from a low of around 15.5 ounces of silver value in each ounce of gold value in 1979 to around the 100 level in the early 1990s. The average was around the 55:1 level. Therefore, when the ratio is below